UK banks’ CVA charges ballooned by £8bn in volatile Q3

Bank of England figures show capital requirements at highest since early pandemic readings

UK banks’ capital charges to cover credit valuation adjustments (CVAs) surged 10% in the third quarter to their highest level since Q3 2020, data from the Bank of England (BoE) shows.

The increase coincided with former prime minister Liz Truss’s bungled tax plan, which sent UK assets tumbling following its announcement on September 23. Aggregate risk-weighted assets (RWAs) for CVA at the country’s lenders reached £87 billion ($105.2 billion) at end-September, compounding first-half of the year

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here